South Korean startup Dolbomdream, which develops IoT-powered hugging vests, has secured undisclosed seed funding from Quest Ventures.
The company will use the funds for Southeast Asia expansion.
Kim Jihun, CEO of Dolbomdream, said, “Our collaboration with Quest Ventures is crucial in solidifying our expansion plans in Southeast Asia, which include building our network with local partners and conducting pilot tests to ensure the successful integration of their products in the regional market.”
DolbomDream develops smart HUGgy vests that incorporate research-backed Deep Touch Pressure technology to simulate the effect of hugs on wearers to provide psychological comfort to its wearers. The vests analyse wearers’ biometric data to give caregivers real-time analysis of their psychological status through an app, which can also activate the vest.
The target customers include special needs individuals, seniors, sleep disorder patients, and anyone who might benefit from the therapeutic power of a hug.
The product is particularly beneficial for special needs individuals with conditions such as Autism Spectrum Disorder (ASD), who frequently grapple with heightened stress levels in their daily lives.
The vest also features non-contact biometric sensors that measure the wearer’s heart rate and other biometric data. The data is relayed to caregivers through a dedicated app, who obtain a real-time analysis of the wearer’s psychological condition. The app can also be used to activate the vest remotely.